Elon Musk, the founder of PayPal, Tesla, and SpaceX, is widely known as one of the world’s most successful entrepreneurs. But, surprisingly, few people know that the famed business magnate also owns multiple homes. This article will explore whether Elon Musk actually owns his own homes and, if so, how many.
Elon Musk’s impressive list of properties is located throughout the world, most of which are located in Los Angeles. It’s known that he owns all three homes purchased in the ritzy Bel Air neighborhood of LA. These three LA homes previously belonged to the same owner and all share the same street address. The couple of homes together cost the Musk family a whopping $70 million, making it the most expensive residential purchase in Los Angeles history.
Musk also bought a 4th home in the Brentwood neighbourhood of Los Angeles in 2017 for $4.3 million. This stylishly designed home is one of the few places where he and his five children actually live. To add to this, he also owns two properties in Boca Chica, Texas, which is being used as the launchpad for SpaceX’s web of starlink satellites.
Radar technology from mapping companies has helped reveal that the Elon Musk family of six has at least five luxurious homes in California, and two in Texas. While it’s not known exactly how many homes and properties Musk owns around the world, some people suggest that the number is at least ten.
Despite owning multiple homes, it is clear that Elon Musk loves LA and its lakeside lifestyle. As he spends most of his time in Los Angeles, Musk clearly values the city and his close proximity to its many business opportunities, as well as his five children’s schooling. This adds more credibility to the suggestion that Los Angeles is the center of Musk’s empire.
To conclude, there is no doubt that Elon Musk is the proud owner of several properties, most of which are located in Los Angeles. There is no precise number of homes that he owns, but the figure is reportedly above ten. It is the combination of Musk’s visionary nature and his appreciation of the city of Los Angeles that make him the successful household name that he is today.
Commercial buildings
On top of owning multiple homes, Musk is also the proud owner of a number of high-profile commercial buildings. He is currently renting out a massive office in Hawthorne, California, which houses the headquarters of SpaceX and Tesla. Musk owns a 25,000 sq ft building in Stanford Research Park, Palo Alto. This building serves as the primary office for the various SpaceX research and development teams. There is also a Tesla engineering facility located in Fremont, California, and a Gigafactory in Nevada.
Despite his commercial buildings being open to the public, he does actually own the majority of them. He reportedly purchased the office in Palo Alto for $23.3 million in 2011 and invested $4.4 billion in Tesla’s Fremont factory over the years. The Gigafactory was mostly built using Tesla’s own money, though it received some funding from both the State of Nevada and Panasonic.
Ultimately, it is clear that Elon Musk owns multiple commercial buildings including his own office in Palo Alto and Tesla’s Fremont factory. Through these investments and his current spending on his buildings, it is clear that he is a keen investor in commercial real estate.
Life at home
A quick glance at the offices of each of Musk’s companies reveals the same minimalist vibe—he is a proponent of the term less is more. Many of his company’s offices are either empty or sparsely decorated as he encourages a distraction-free atmosphere. This can be seen in his homes, too. Elite Property Management, Musk’s property management company, reveals that most of his homes are mostly furnished with the most basic pieces of furniture. Many of the interior walls are white and there are sculptures and images decorating the space.
Musk’s homes also reflect his love of nature. His sprawling estate in Bel Air has 12,246 sq feet of outdoor space, while his other LA home boasts six fireplaces, lush gardens, and a pool. He has also installed various playgrounds and jungle gyms around his properties, much to the joy of his kids.
It is clear, then, that Musk’s homes are more than just investments —they are a reflection of his personal interests. They have become a melange of his minimalist, environmental, and family-oriented values, making his home life cozy, unique, and inviting.
Environmental impact
Despite being an frequently outspoken advocate of sustainability and renewable energy, there is no denying that Musk’s homes are wasteful precisely due to their size, layout, and unnecessary luxury. For one thing, the vast square footage of his mansions alone contributes to a great deal of energy waste. Furthermore, his choice of decor has often been criticized as too elaborate and opulent as some of his interior pieces could cost upwards of thousands of dollars. Last but not least, his use of multiple pieces of home automation and lighting fixtures can be incredibly energy-draining.
Still, it seems that Musk is doing his best to reduce his environmental footprint. He replaces the lighting in his properties with energy-saving LED bulbs. On the side of renewable energy, he owns solar panel systems for some of his homes. He also supports research and development toward sustainable transport – particularly electric cars, and explores ways to reduce carbon emissions.
It is also evident from his presence at so many conferences on renewable and sustainable energy that Musk is investing his own wealth into creating solar and clean energy technologies which can be used by ordinary members of the public.
All in all, with his investments and green strategies, Elon Musk is taking significant steps to make his own homes greener and his environmental impact more reduced.
Giveaways
Elon Musk is widely known to give away other peoples’ money, such as when he proposed to give away $100million to the person who comes up with the best carbon capture technology. However, he also gives away his own possessions – his homes. His properties have been featured in several celebrity auctions, where his homes have been up for grabs as part of a win-win prize pool.
For instance, in 2017, Musk hosted a lottery fundraiser in which the winner was gifted with a two-night stay in his luxurious Brentwood home. On the side of philanthropy, in 2018 he auctioned off a dinner with himself and another guest for fundraising for the charity, Effective Altruism.
In short, it is very clear that Elon Musk gives away his valuable possessions to those in need. While his homes may not be given away due to poverty, his homes are still a highly appreciated prize for those lucky enough to win.
Conclusion
It is without a doubt that Elon Musk owns multiple homes around the world and continues to invest in real estate. While it is unclear as to exactly how many residential properties he has, what is certain is that he mainly inhabits his homes in Los Angeles due to his dedication to the city and his ever-growing family. Not only does he own lavish properties, he also owns multiple commercial buildings that serve as vital backbones for his three most celebrated companies.
On the whole, there is no denying that Musk has come a long way from his humble beginnings. His dedication to both his family and the environment have driven his home investments, as well as his various charity initiatives which aim to benefit society as a whole.
